Flounder Corporation had 288,000 shares of common stock outstanding on January 1, 2018. On May 1, Flounder issued 27,600 shares.

a) Compute the weighted-average number of shares outstanding if the 27,600 shares were issued for cash.

Weighted-average number of shares outstanding: ___________

b) Compute the weighted-average number of shares outstanding if the 27,600 shares were issued in a stock dividend.

Weighted-average number of shares outstanding: ______________